Slacker News Slacker News logo featuring a lazy sloth with a folded newspaper hat
  • top
  • new
  • show
  • ask
  • jobs
Library

Comment by phil-martin

8 hours ago

Accounts (in the accounting sense) are unitless, and refer to whatever meaning we ascribe to them, so we can transfer value from $ to shares, or USD to GBP or whatever.

Lalit describes this I think really well in his article

https://lalitm.com/post/one-number-i-trust/#chapter-4-invest...

0 comments

phil-martin

Reply

No comments yet

Contribute on Hacker News ↗

Slacker News

Product

  • API Reference
  • Hacker News RSS
  • Source on GitHub

Community

  • Support Ukraine
  • Equal Justice Initiative
  • GiveWell Charities